Download form and apply
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OPTION ONE
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OPTION TWO
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OPTION THREE
We understand that through various life stages of your business that you need help financially. We have credit available to lend. Whatever your financial needs, we have the solution.
Prior to preparing your application we would recommend that you read our ‘A Helpful Guide to Applying for Business Finance‘ booklet which gives you a simple step by step guide to applying for finance. You can request a meeting with a Business Relationship Manager. At this initial meeting you will receive:
• an outline on the information we require to support your application
• a copy of the “SME Lending Application Form”
Gather the following up to date financial information:
Present a clear picture of your business story, e.g.:
• key strengths, weaknesses, opportunities and challenges
• risk analysis from a market, customer, financial and operational perspective
• strategy and future goals
Tip! - Have your business plan validated by a 3rd party
For a full picture of the information we require to support your application, please refer to our “A Helpful Guide to applying for finance” booklet.
Meet us to complete your application form
• Complete all documentation and submit 2/3 days in advance of your meeting
• Ensure your Business Relationship Manager has a full understanding and knowledge of your proposal
• Discuss financial solutions (products) to meet your requirements
Tip! – We recommended that you consult with a legal advisor to ensure you fully understand the terms and conditions.
* We aim to provide a decision within 48 hours, for a minimum of 85% of applications from AIB customers on business loans and overdrafts, upon receipt of all required information. 48 hours excludes Saturdays, Sundays and Bank Holidays. If you have previously been through a restructure, please talk to us in more detail so we can advise the best solution for you.
Where we decline a request for credit, we will advise you directly, giving you a clear reason for our decision and make every effort to work with you to find an alternative solution. Please note that a declined request for credit will not have a negative impact on your credit rating.
Instances where you may appeal a credit decision include:
– Where you feel the decision to be unjustified
– You believe that we have unfairly offered a smaller facility than requested
– Existing facilities have been reduced or removed
– You feel the approval terms are unacceptable
If you wish to appeal an SME credit decision, there is a two-stage process to follow:
1. Through the AIB Internal SME Credit Appeals Process - you can expect a written response within 15 business days
2. If your appeal to AIB is unsuccessful, you can then refer your case to the Credit Review Office (full details available on www.creditreview.ie)
Tip! – If you are a micro-enterprise (turnover less than €2m, staff less than ten) you may eligible to apply to Micro Finance Ireland for a Micro Finance Loan.
Warning: You may have to pay charges if you repay early, in full or in part, a fixed rate credit facility.
Warning: The costs of your repayments may increase.
Lending criteria, terms and conditions apply. Credit facilities are subject to repayment capacity and financial status and are not available to persons under 18 years of age. Security may be required.
In addition to Micro Finance Ireland that are other government support schemes available to SMEs. You can visit www.supportingsmes.ie to find out more.
There are alternative sources of finance to choose from, including Seed Capital Funding. Find out more.